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28. This Part applies in relation to all persons who—
(a)were active members of the existing scheme in relation to an employment before that employment was transferred;
(b)as a result of that transfer became subject to existing Fair Deal arrangements and ceased to be active members of the existing scheme in relation to that employment;
(c)while subject to that transfer, were active members of an occupational pension scheme; and
(d)as a result of a Fair Deal transfer become accepted members of this scheme.
29.—(1) This paragraph applies if another occupational pension scheme (“the sending scheme”) offers to make a bulk transfer payment in respect of all persons to whom this Part applies.
(2) The scheme manager for the existing scheme must accept a bulk transfer payment if it is offered.
(3) A transfer payment in respect of a person (P) may not be accepted as part of a bulk transfer payment if—
(a)it relates to service on or after the Fair Deal transfer date; or
(b)retirement benefits have become payable to P under the sending scheme.
(4) In this Part, “bulk transfer payment” means a single transfer payment in respect of all persons to whom this Part applies.
(5) The bulk transfer payment must be accepted into the existing scheme.
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